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PSA's small car platforms should be favored in FCA merger: executive

Small car platforms developed by France's Peugeot should be favored if plans to merge PSA and FiatChrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday. “On smaller segments PSA has the platforms which allowed the group to make the highest margins in Europe among all the automakers, so I find it reasonable that these platforms might be used in the future on some FCA models too," Thorel said. "On the other hand FCA has got RAM and Jeep, and I find it reasonable that the new group might use those platforms in that segment,” Thorel, who is PSA's managing director for Italy, said....

Peugeot's small car platforms should be favored in Fiat merger: executive

Small car platforms developed by France's Peugeot should be favored if plans to merge PSA and Fiat Chrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday. "On smaller segments PSA has the platforms which allowed the group to make the highest margins in Europe among all the automakers, so I find it reasonable that these platforms might be used in the future on some FCA models too," Thorel said. "On the other hand FCA has got RAM and Jeep, and I find it reasonable that the new group might use those platforms in that segment,” Thorel, who is PSA's managing director for Italy, said....

Solid Nine-Month Financials But Weaker Third Quarter For Asian Terminals

Manila, Philippines-based Asian Terminals Inc. The damage to the third quarter results was done by a surge in costs and expenses, which rose  from 1.24 billion pesos ($22.96 million) in the third quarter of 2018 to 1.47 billion pesos ($28.41 million) in the third quarter of this year. Unfortunately, the company does not provide commentary on its third quarter results, but it does provide commentary on its nine-month results....

China's Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

GUANGZHOU, China/SHANGHAI (Reuters) - China's top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday. The company aims to roll out the vehicles to Europe in 2021 and to North America in 2023, Wei Jianjun, chairman of Baoding-based Great Wall, said on the sidelines of the Guangzhou Autoshow. Great Wall has sold over 300,000 WEY-branded SUVs in the past 3 years....

Silicon Valley Firm Helps the Wealthy Keep Track of $1.7 Trillion of Assets

(Bloomberg) -- The ultra-secret world of ultra-wealthy investors is becoming slightly more transparent.Addepar Inc., whose investors include billionaire Peter Thiel and Palantir Technologies co-founder Joe Lonsdale, is working with hundreds of money managers to give a better sense of where their clients invest. Assets linked to the firm’s technology are growing at an average of $10 billion a week and have reached $1.7 trillion, Addepar Chief Executive Officer Eric Poirier said.It doesn’t handle the money. Addepar helps manage data for firms like Morgan Stanley, Jefferies Financial Group Inc. and an array of registered investment advisers, poring over complex information that for many years had been hard to aggregate. That includes data for hard-to-value private assets like hedge funds, artwork and real estate held by wealthy clients.“We’ve effectively built industrial-strength plumbing” to securely allow investors to put all of their holdings online in one place, Poirier said in a phone interview.Mountain View,...

Uber’s ‘Inadequate Safety Culture’ Contributed To Fatal Crash

The U.S. National Transportation Safety Board (NTSB) has recommended that Uber Technologies Inc. (NYSE: UBER) and the National Highway Traffic Safety Administration (NHTSA) require more oversight of automated vehicle (AV) testing procedures in the wake of a deadly crash involving a self-driving Uber car. The proposed changes, issued Nov. 19, were made as part of NTSB's investigation into a fatal March 2018 crash involving an Uber test car, a Volvo XC90 SUV, and a pedestrian in Tempe, Arizona. Elaine Herzberg, 49, was killed while jaywalking her bicycle across a major road at night....

UPDATE 1-U.S. aviation regulator pledges rigorous certification for Boeing 777X

The U.S. aviation regulator will ensure certification of Boeing's 777X wide-body jet is conducted rigorously, the agency's head said on Wednesday while reaffirming that its review of the grounded 737 MAX will not be rushed. Problems with a number of aircraft models have led some airlines to accuse plane and engine makers of over-promising on performance capabilities, while the grounding of Boeing's 737 MAX after two fatal crashes has increased scrutiny of testing and certification....